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You Will do Math Forever… A Simple Formula to Calculate ROI #APAutomation
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My kids hate it… really hate it when I tell them they will use math for the rest of their lives. Not just math I tell them… Algebra… Formulas (l love them). On the other side, the rooms of accountants that I talk with…when I say that we will always use math… they agree with me (shocker). ROI I…
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There Are 2 Things to Know When Calculating AP Cost #APAutomation
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One of the first steps in knowing the impact of Accounts Payable Automation is calculating what your Accounts Payable process cost. Start Here What is your current cost per invoice is one of the first questions I ask someone when starting or wanting to improve their AP Automation journey. 2 Things 1. Hard Dollar – This…
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Outsource Scanning is Like Going On A 10 Week Vacation W/O Fun #APAutomation #Fusion 11:30 CST
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If you are at Fusion this week – comes see this session live! Weather you like or not, outsourcing is a tool that is here to say. If you are one of those that have looked to outsourcing or are looking there are a few things you should know and be prepared for as outsource…
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6 Things That Won’t Kill Your Vendor When Outsourcing Scanning #APAutomation #Fusion – 10:15
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If you are at Fusion this week – comes see this session live! Outsourcing is somewhat of a hot topic. When I first got in business I had a friend (that did much better than me) who started a company and told me that his company would never do anything outside of their “core” competency.…
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What Is The Basis Point Myth? #APAutomation #Fusion 4:30 CST Today – Live!
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If you are at Fusion this week – comes see this session live! I like any other good red-blooded American likes a good old fashion conspiracy theory. You know, one that has a nameless – faceless group of high level individuals plotting in unison to insure their agenda is accomplished. Well, when it comes to…
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3 Secrets to a Virtual Credit Card Your Bank Doesn’t Know – Today #Fusion – 3:15 CST
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If you are at Fusion this week – comes see this session live! One of the unsung heroes of the Accounts Payable Automation process are payments. In my experience people don’t have has much problems as invoice probably because payments come from a central location and proactively go out of the organization, unlike invoices which aren’t so controlled. There is…
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I Wish I Would Have Known About Time Allocation – #APAutomation – #Fusion Today 10AM CST
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If you are at Fusion this week – comes see this session live! I am starting a new series with week that looks back on things I wish I would have known. The “wish I would have known” attitude comes from a lesson learned that now seems so obvious. My hope is that my lessons…
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3 Things To Know About People Before You Automate AP
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I have been an Accounts Payable Automator since 2000. A lot has changed from that time. In the early days (I sound so old) the biggest conversation I had with people was about the security of the internet and how the internet was a legitimate place to store documents like invoices. Times Have Change? The more I…
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As An Accounting Professional – What Did You NOT Go To School For? #APAutomation
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If you read my articles you will know that most of my writing is written from a positive perspective. This article, however, I wanted to write about a conversation I had with one of my AP Automation buddy that took a negative turn. Picture This My friend was faced with expanding to a group of…
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3 Things to Consider When Agreeing to Accounts Payable Automation
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I thought it might be interesting to give you insight to the types of contractual agreements that work well for AP Automation. As I have written many times, one of the down sides to AP Automation is the fact that people generally don’t have experience with it. (And) Other experiences tend to get in the…